Fifth Third Bancorp decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,780 shares of the semiconductor manufacturer’s stock after selling 128 shares during the quarter. Fifth Third Bancorp’s holdings in Skyworks Solutions were worth $3,023,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. JJJ Advisors Inc. raised its stake in Skyworks Solutions by 810.0% in the 3rd quarter. JJJ Advisors Inc. now owns 182 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 162 shares in the last quarter. Berman Capital Advisors LLC raised its stake in Skyworks Solutions by 103.1% in the 2nd quarter. Berman Capital Advisors LLC now owns 199 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in Skyworks Solutions in the 2nd quarter worth about $26,000. Estabrook Capital Management raised its stake in Skyworks Solutions by 71.4% in the 2nd quarter. Estabrook Capital Management now owns 240 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in Skyworks Solutions by 76.6% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 272 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.
Shares of NASDAQ SWKS opened at $140.39 on Friday. The company has a market capitalization of $23.32 billion, a P/E ratio of 30.85, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. Skyworks Solutions, Inc. has a 52-week low of $67.90 and a 52-week high of $158.61. The company’s 50 day moving average price is $146.98 and its 200-day moving average price is $135.42.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Monday, November 2nd. The semiconductor manufacturer reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.33. The firm had revenue of $956.60 million for the quarter, compared to the consensus estimate of $840.61 million. Skyworks Solutions had a net margin of 24.13% and a return on equity of 20.73%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 EPS. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 4.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 35.03%.
In other news, Director Timothy R. Furey sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $143.64, for a total value of $359,100.00. Following the transaction, the director now owns 18,618 shares in the company, valued at approximately $2,674,289.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 8,375 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $146.71, for a total transaction of $1,228,696.25. Following the completion of the transaction, the senior vice president now owns 17,926 shares in the company, valued at approximately $2,629,923.46. The disclosure for this sale can be found here. Insiders sold a total of 74,119 shares of company stock worth $10,717,889 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.
Several equities analysts have commented on SWKS shares. Piper Sandler raised their target price on shares of Skyworks Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, September 29th. The Goldman Sachs Group raised their target price on shares of Skyworks Solutions from $140.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Standpoint Research lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. KeyCorp raised their target price on shares of Skyworks Solutions from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, November 3rd. Finally, Needham & Company LLC raised their target price on shares of Skyworks Solutions from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Skyworks Solutions currently has a consensus rating of “Buy” and a consensus target price of $148.81.
Skyworks Solutions Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators, as well as wireless radio integrated circuits.
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